I really enjoy excel.My goal on BP is to network and find like-minded individuals.

In our area it usually takes a well qualified individual about 45 days to get approved for a mortgage.

SSN is for an individual.

Rich,I found this on the IRS site http://www.irs.gov/Individuals/What-is-Earned-Income%3F;In this link the IRS clearly says that interest is not considered "Earned Income"Now understand I am neither a tax attorney or accountant however, If I was in your situation my expectation would be that I could collect this income from holding the mortgage without reducing my SS benefits.Probably your best bet though would be to contact a tax accountant or tax attorney (or both) to be certain.

If we assume it is AR, then here is what you finance department says about private party exemptions:A person who engages in seller-financed transactions or who as a seller of real property receives mortgages, deeds of trust, or other security instruments on real estate as security for a purchase money obligation if: (a) The person does not receive from or hold on behalf of the borrower any funds for the payment of insurance or taxes on the real property; and (b) The seller does not sell the liens or mortgages in the secondary market other than to affiliated or subsidiary persons; (xi) An individual or husband and wife who provide funds for investment in loans secured by a lien on real property on his or her or their own account and who do not:(a) Charge a fee or cause a fee to be paid for any service other than the normal and scheduled rates for escrow, title insurance, and recording services; and (b) Collect funds to be used for the payment of any taxes or insurance premiums on the property securing the loans; The issue with the rule interpretation is that in some states an MLO must be employed by a company licensed to conduct the activity of brokering or lending.

What I did was to see how much the individual parts of the project cost, like framing, foundation, plumbing, insullattion, etc.

Instead of owning the share of the LLC individually, it is owned through an S-Corp which is then owned by the investor.So income flows from the LLC to the S-Corp, and then to the individual.Can anyone think of the benefits of this structure?

The one individual I have spoken to thus far claims "for certain loans the home owner needs to enlist the services of an agent" although he has no idea which loan my seller has nor which state the home is in.

When a bank makes a portfolio loan they're loaning money they have received from individuals who have savings accounts or CDs.

More likely to have individual washer/dryer connections.